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A Model of Coupled-Maps for Economic Dynamics

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  • J. R. Sanchez
  • R. Lopez-Ruiz

Abstract

An array system of coupled maps is proposed as a model for economy evolution. The local dynamics of each map or agent is controlled by two parameters. One of them represents the growth capacity of the agent and the other one is a control term representing the local environmental pressure which avoids an exponential growth. The asymptotic state of the system evolution displays a complex behavior. The distribution of the maps values in this final regime is of power law type. In the model, inequality emerges as a result of the dynamical processes taking place in the microscopic scales.

Suggested Citation

  • J. R. Sanchez & R. Lopez-Ruiz, 2005. "A Model of Coupled-Maps for Economic Dynamics," Papers nlin/0507054, arXiv.org.
    • Handle: RePEc:arx:papers:nlin/0507054
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    File URL: http://arxiv.org/pdf/nlin/0507054
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    Cited by:

    1. R. Lopez-Ruiz & J. Gonzalez-Estevez & M. G. Cosenza & J. R. Sanchez, 2007. "An Economic Model of Coupled Exponential Maps," Papers 0712.2684, arXiv.org.

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